Located in the Mediterranean Sea in the Shorouk concession, the Zohr field is estimated to hold up to 30 trillion cubic feet of gas.
Eni plans to commence production from the field by the end of 2017.
Production is expected to reach about 75 million standard cubic meters of gas per day, which is equivalent to approximately 500,000 barrels of oil equivalent per day, by 2019.
In 2015, Eni discovered natural gas reserve at the Zohr 1X NFW well located in Zohr Prospect in Mediterranean Sea upon completion of drilling program.
Located 1,450m of water depth, the well has been drilled to a total depth of approximately 13,553ft in the Shorouk Block.
The company said it encountered 2,067ft of hydrocarbon column in a carbonate sequence of Miocene age.
Eni estimates that the field, which spread across an area of about 100km2, could be one of the largest natural-gas discoveries in the world. It could meet the natural gas demand in Egypt for decades upon full development.
Eni, through its subsidiary IEOC Production, operates the Shorouk Block with 100% stake.
The company had secured license from Egyptian Ministry of Petroleum and the Egyptian Natural Gas Holding Company (EGAS) for the block in 2014.
Image: Eni’s headquarters in Rome. Photo: courtesy of Eni.
